Analyst Will Accumulate ARB and 5 Coin While the Market Falls

The cryptocurrency market has experienced a serious decline recently. While the Bitcoin price has fallen to levels not seen since October, similar sharp declines are observed in altcoins such as Arbitrum (ARB coin) and Optimism. Analyst Michaël van de Poppe discussed the reasons for this decline and the future of his altcoin investment strategy in a recent video. Here are the details…

Market statement from a famous analyst

Van de Poppe first talks about the general situation in the market and emphasizes that both Bitcoin and altcoins have lost significant value. Despite the weakening of the US Dollar and the decrease in government bond interest rates, cryptocurrencies cannot exhibit an upward movement. The reasons for this decline are Germany’s Bitcoin sales (from $3.2 billion to $2.3 billion) and Mt. Gox shows Bitcoin payouts (in the 30-40 percent range). Van de Poppe thinks that these events created anxiety in the market and triggered the decline.

While the market remains negative, Van de Poppe plans to continue its altcoin-focused investment strategy in the coming periods. Despite the decline, he aims to accumulate more Bitcoin by holding altcoins and focusing on their value in exchange for Bitcoin rather than their USD value.

Van de Poppe will get ARB coin and these 4

Van de Poppe thinks the market is currently in a capitulation phase, as it has been in past downturns. He predicts that developments such as the Ethereum ETF will pull the market up again. Van de Poppe, who advises investors to follow the Bitcoin dominance rate, sees this period as an opportunity. The analyst emphasizes that despite the corrections, the best entry points for altcoin investment are generally bearish periods.

So, which altcoins is Van de Poppe considering buying?

• Arbitrum (ARB): Arbitrum, a layer-2 scaling solution for Ethereum, aims to increase transaction speed and reduce cost. Van de Poppe notes that Arbitrum reached cyclical bottoms regardless of the overall market decline.
• Optimism (OP): Likewise, Optimism is another layer-2 scaling solution for Ethereum. This protocol aims to increase Ethereum’s transaction capacity and efficiency. Van de Poppe also cites Optimism as one of the examples of altcoins that hit bottom in a market crash.
• Ethereum (ETH): The second-largest cryptocurrency by market cap, Ethereum is an important part of Van de Poppe’s portfolio. He emphasizes that despite the serious decline in the USD value of Ethereum, its value against Bitcoin (BTC parity) is relatively stable and is showing a slight increase.

• Chainlink (LINK): Chainlink, a decentralized oracle network that provides trusted and immutable data for smart contracts, is another altcoin in Van de Poppe’s portfolio that has again reached its cyclical bottom. The analyst states that Chainlink has lost 15% of its value against Bitcoin.
• Wormhole (WORM): An interchain communication protocol that allows different blockchains to communicate with each other, Wormhole is one of the relatively new coins in Van de Poppe’s portfolio. Stating that this coin has lost 50% of its value compared to its purchase price, Van de Poppe states that it has high return potential despite high volatility.

Finally, Van de Poppe says that historical trends show altcoins performing better in the 3rd and 4th quarters and that the best time to invest is now.

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